Rishi Sunak plans to bring thousands of over-50s back to work by offering ‘midlife MOT’ to allow them to assess their financial health
Rishi Sunak plans to entice thousands of over-50s back to work with a ‘midlife MOT’ amid fears that early retirees are hampering Britain’s economic recovery.
Around 630,000 have left the workforce since 2019 and employment figures are still not back to pre-pandemic levels, according to Government figures.
A new personal MOT would allow workers to assess their financial health.
It is believed that many over-50s decided to take early retirement based on assumptions made before the recent cost of living crisis.
Rishi Sunak plans to entice thousands of over-50s back to work with a ‘midlife MOT’ amid fears that early retirees are hampering Britain’s economic recovery
The assessment would also be used to help them identify opportunities for part-time or flexible work, mentoring and skills training.